EXHIBIT B
HESPERIA SUCCESSOR AGENCY
ADMINISTRATIVE BUDGET FY 2025-26
FOR JULY 1, 2025 to JUNE 30, 2026
Expense Category
Responsibilities
FY 2025-26 Proposed Budget
1. AGENCY STAFF
Finance
Process payment of enforceable obligations
Maintain documentation of Agency records
Coordinate with consultant to answer questions and provide documentation as requested by Oversight Board, County Auditor-Controller, and Department of Finance $28,202
City Manager
Provide direction to other staff and consultants as needed $10,544
Economic Development
Administration and Implementation of Agency meetings and wind-down $11,451
City Clerk
Administration of Agency meetings
$7,567
AGENCY STAFF TOTAL
$57,764
2. PROFESSIONAL SERVICES
Administrative services (RSG)
Prepare ROPS, PPA, staff reports, and resolutions
Assist with administration of the Owner Participation Agreement (“OPA”) and other reporting Coordinate with and answer questions for Oversight Board, County Auditor-Controller, and Department of Finance Attend Oversight Board meeting
Monitor and project cash flow to ensure sufficient revenues for obligations and to inform Agency staff of expected revenues $20,000
Legal
Provide general legal services as needed
Review staff reports and resolutions
$3,000
Audit Costs
Prepare Successor Agency portion of audited financial statements $6,810
Disclosure/Dissemination Agent Services – 2018 TARBS Series A&B Annual continuing disclosure and dissemination agent reporting fees $1,950
Property Disposition
LRPMP property disposition expenses such as appraisals and staff time related to property disposition $10,000
PROFESSIONAL SERVICES TOTAL
$41,760
TOTAL BUDGET
$99,524
Attachment 3